Bluspring Enterprises, via its subsidiary, is acquiring 100% of STEAG Energy Services (India) for INR 180 Cr.

This strategic move aims to significantly expand Bluspring's industrial vertical and enhance its capabilities in power services.

SESI, with FY25 turnover of INR 481 Cr, provides O&M, engineering, and digital solutions to the energy sector, offering access to new client relationships and a platform for international growth.

The acquisition is expected to boost Bluspring's margins and EPS, improving its return on equity.